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GreenGro Technologies Inc (OTCMKTS:GRNH) Stock Continues to Fall: Down 17% This Week

Pete Matthews , , , ,

In the past week, the GreenGro Technologies Inc (OTCMKTS:GRNH) stock has been a pretty performer and has recorded losses of as much as 17% during that period. The company is well known for being one of the better known providers of eco friendly technologies that are specifically aimed at the cannabis and hemp space.

Yesterday, the company announced that it signed a marketing and sales agreement of an exclusive nature with Stop N Grow Inc. Stop N Grow is a hydroponics shop which is specialist in products meant for indoor as well as outdoor greenhouse and horticulture.

The first Stop N Grow store retail outlet to be opened in Holbrooke, Arizona is going to have a soft grand opening. It should be noted that as part of the marketing and sales agreement, the retail outlet is also going to offer products from GreenGro.

The retail outlet is going to be operational from next month. As per the agreement, Stop N Grow is going to sell distribute and market those GreenGro products that are actually relevant to its own line of business. Despite the fall in the GreenGro share price, it is now going to be interesting to see if the stock can actually make a recovery today.

Market Reaction:

On Thursday, GRNH stock fell 6% at $0.0091 with more than 5.49 million shares, compared to its average volume of 3.20 million shares. The stock has moved within a range of $0.0080 – 0.0100 after opening the trade at $0.0090. Over the past 52-week, the stock has been trading within a range of $0.0019 – 0.0750.

Pete Matthews

Pete attended the University of Colorado and still calls the centennial state home. He chases trout in the summer and snowboards in the winter. He is fascinated with the markets and has a strong interest in nanocap stocks and crypto currency.